Today I updated the PAY token on Hive-Engine. This is what I did:
Increased PAY token's precision from 4 to 8. Now, instead of the smallest amount possible for the PAY token being 0.0001, it is now 0.00000001.
Spent 1000 BEE to switch the PAY token from the scotbot contract to the SMT contract for the reward pool.
Transferred ownership of the PAY token from
@politicalhive to
@token.fee.
Throttled down PAY token's emission rate so that now only 5,760 PAY tokens are minted every day.
Changed the indexing tags for the reward pool (see below).
My next plans are to create diesel pools for SWAP.HIVE:PAY and SWAP.HBD:PAY. That's at least several months away.
PAY token used to be the community token for c/politics. #politics is still a tag for the PAY token now that it is using the SMT contract. I created PAY back on the STEEM blockchain before the 2020 hardfork and had it ported over to Hive-Engine. I intend to eventually use the PAY token as the main token for my future Hive projects. Since I needed to use a community tag as one of the five tags, I picked my ChatGPT Enthusiasts community as the community tag along with #chatgpt. I have no intention of starting a ChatGPT or AI tribe, but I figured that sooner or later some token would reward posts about ChatGPT, so it might as well be the PAY token.
The new tags for the PAY token are:
#hive-109953
#chatgpt
#hive
#blog
#politics
I've created several tokens, and PAY is unfortunately the one I've been neglecting for several years. Today's update is the beginning of rehabilitating the token.
Image Source: Stable Diffusion